Porsche Sales Dip Booms, but new models of gas and hybrid arrive

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The electric revolution has collapsed and many car manufacturers have now abandoned or delayed plans to go to electric only. This has let a number of companies rush to produce new models with internal combustion engines as well as hybrid powertrain.

Porsche is among them because they recently confirmed: “We will develop new combustion engine derivatives (from our electric vehicles) in order to give the right answer to customer demand.” Given this, it is not surprising to learn that the company announced an “extension of the product portfolio to include additional vehicle models with combustion engines or rechargeable hybrids”.

Plus: Porsche changes the EV plan, will also give electrical ice groups

Porsche did not come into detail, but said that this decision is designed to strengthen their profitability in the short and medium term. This effort also includes a renewed accent on Porsche Sonderwunsch (special request) and the exclusive Porsche Manufaktur. These are very profitable programs imbued with personalization, so the company wishes to maximize their profitability.

However, these initiatives have a cost and this is aware of the development of already expensive vehicles and batteries. Porsche warned that these efforts “will lead to significant additional expenses” and their impact for the financial year 2025 could total € 800 (826) million dollars.

If that was not enough, Porsche expects a drop in sales “induced by the market” for 2025. The car manufacturer also planned sales income of € 39-40 (40.2 to 41.3 billion dollars for the year.

Porsche deliveries fell by more than 9,500 units last year and the company previously highlighted the “continuous economic situation of China”. The company blamed this for weakening the sales of Panamera, which was reduced by 13%.

Investors were not happy and Porsche AG shares closed 6.45% to € 55.94 ($ 57.78) per share in Frankfurt.